PBOC sets USD/ CNY reference rate for today at 6.5786 (vs. yesterday at 6.5484)

Author: Eamonn Sheridan | Category: Central Banks

 People's Bank of China 

Reuters estimate from their survey 6.5758, Bloomberg 6.5756 

PBOC add in 80bn yuan through 7-day RRs in open market operations 
  • 160bn mature
  • thus net 80bn drain

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